Key Events (10)
Trump imposed a 50% tariff on Brazil after trade negotiations stalled. Brazilian President Lula responded that he would not be intimidated by the tariffs and remained open to dialogue.
Trump announced a 25% tariff on imports from India, citing concerns over India's purchases of Russian arms and energy during the Ukraine war. The tariff was set to take effect on Friday.
Trump plans to impose a 50% tariff on copper pipes and wiring, though the move falls short of earlier threats to introduce sweeping new levies. The announcement roiled U.S. prices for these materials.
The U.S. economy grew at an annual rate of 3% in the second quarter, faster than expected, while the Federal Reserve left interest rates unchanged despite Trump's pressure for cuts. Two Fed governors voted against the decision.
Trump backed Israel and rebuked UK Prime Minister Keir Starmer over the UK's decision to recognize Palestinian statehood, saying it would 'reward Hamas.' The rebuke came after Trump had appeared to endorse recognition in a Scotland meeting.
Trump gave Russia a 10-day deadline to end its invasion of Ukraine, warning of new sanctions if the deadline is not met. Ukraine has faced continued Russian attacks, with at least 18 soldiers wounded in a recent missile strike.
Ex-Trump lawyer Emil Bove was confirmed to a federal appeals court by the U.S. Senate by a vote of 50-49, despite claims that he had advocated for ignoring court orders.
The Trump administration froze $108 million in federal funds to Duke University, alleging the North Carolina school violated the Civil Rights Act by using racial preferences in hiring. Brown University reached a deal to restore $50 million in frozen funds by committing to nondiscrimination in admissions and campus programs.
Texas Republicans unveiled a new congressional redistricting map designed to gain five U.S. House seats, particularly in Houston, Dallas, and along the U.S.-Mexican border, as Republicans attempt to stave off midterm election losses.
The Department of Justice pushed for the release of Epstein and Maxwell grand jury transcripts, revealing that only two law enforcement witnesses testified during the grand jury proceedings. Trump also made comments suggesting Epstein had 'stolen' staff from his Mar-a-Lago spa.
Executive Orders (1)
Trump signed an executive order ending the tariff exemption on imports valued under $800. The president said the loophole had allowed countries to avoid tariffs and smuggle drugs into the U.S.
Source ↗Tariff Actions (3)
Trump imposed a 50% tariff on Brazilian imports following stalled trade negotiations.
Source ↗Trump announced a 25% tariff on imports from India, citing concerns over India's purchases of Russian arms and energy during the Ukraine war, set to take effect Friday.
Source ↗Trump announced a 50% tariff on copper pipes and wiring imports, falling short of earlier threats for sweeping levies but causing immediate market disruption.
Source ↗